Investors wade into U.S. stock funds as S&P 500 touches records By Reuters

China says only small number of firms moving supply chains out of the country


Investors wade into U.S. stock funds as S&P 500 touches records

By David Randall

NEW YORK (Reuters) – Investors edged into the U.S. stock market last week, as the benchmark S&P 500 index hovered near record highs, by adding $1.1 billion into mutual funds and exchange-traded funds that hold domestic stocks, according to data released Wednesday by the Investment Company Institute.

The $1.1 billion was the lowest weekly amount of positive inflows since late February and was less than half the roughly $2.4 billion investors sent into U.S. stocks the week before.

For the year to date, investors have pulled nearly $58 billion out of domestic stock funds even as the S&P 500 continues to hit record peaks. The benchmark index is up nearly 20% since the beginning of the year, thanks in part to expectations of at least one equity-friendly interest rate cut by the Federal Reserve this year.

Instead, investors continued to rush into bonds by sending $11.1 billion into taxable and municipal debt funds. That continued a streak of positive inflows over every full week for the year to date which has garnered nearly $245 billion into the category.

World stock funds, meanwhile, continued to leak assets by losing $1.8 billion in outflows, extending an 8-week losing streak. Over the year to date, world stock funds have dropped $19.5 billion in outflows.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link